Do not miss our special. Click here

Glass Industry News

Gerresheimer Q2 growth

, Gerresheimer AG


Gerresheimer AG has generated increased revenues in the second quarter of the financial year (FY) for 2013 by 4.2% to €327.1m (FY from 1st December to 30th November).

The Moulded Glass Division generated healthy growth rates, notably with the sale of cosmetic glass packaging.

Gerresheimer recorded adjusted EBITDA of €59.8m in Q2 of 2013, an increase of 0.5% on the previous year’s quarter. The adjusted EBITDA margin was 18.3%, below the 19.0% margin in the comparative period.

The main causes of the decreased margin comprised the anticipated high cost of improving the production of prefillable syringes at a German plant and quality problems in the manufacture of glass ampoules identified at a Mexican plant during the second quarter.

 Adjusted net income for Q2 came to €21.5m, 0.9% more than in the previous year’s quarter (€21.3m). Adjusted earnings per share were exactly on a par with the prior year quarter, at €0.63. Gerresheimer’s capital expenditure in the second quarter of 2013 was €33.4m, €2m more than a year earlier.

The company expects revenue growth of 5% to 6% at constant exchange rates for the remainder of this FY. For adjusted EBITDA, the company has made its guidance more specific with a range of between €245m and €250m, approximately 19.0% to 19.4%.

, Gerresheimer AG

News material on the Site is copyright and belongs to the Company or to its third party news provider, and all rights are reserved. Any User who accesses such material may do so only for its own personal use, and the use of such material is at the sole risk of the User. Redistribution or other commercial exploitation of such news material is expressly prohibited. Where such news material is provided by a third party, each User agrees to observe and be bound by the specific terms of use applying to such news material. We do not represent or endorse the accuracy or reliability of any of the info contained in any news or external websites referred to in the news.

Should the content or the design of these sites violate third parties rights or legal prescriptions, we kindly ask you to send us a respective message without invoice or cost. We guarantee that passages where the claim is considered as justified will be removed immediately, without any necessity to involve any lawyer into this issue. We will reject any claim caused by submission of a honorary note in this regard without any prior contact and confirmation of the issueby us and we reserve the right ssue counter claim ourselves because of violation of aforesaid conditions.

Info Grid

Glass studies

Updated worldwide glass study 2020

Updated hollow glass study 2020

Request more information

Updated float glass study 2020

Request more information

Company Profile

Updated worldwide glass market study 2020 available now for flat, container glass and tableware

We have updated our international studies on flat glass, container glass and tableware for 2020.

This unique software provides a global overview about glass producers and technical details. Easy to use and clear tables summarize information and data about glass makers such as: Glass types: flat glass, container glass, tableware, production capacities in regions and countries, number of furnaces, furnace types, year of construction, glass types and sub-types, products, project information, special news and downloads.

Further databases supplying demoscopic data and import and export data complete the market survey. Based on these data, prepare individual country profiles with information about local production capacities, local market sizes and expected demand in the future.

Request your offer via

Updated Hollow glass study 2020


Updated Float glass study 2020